Consumer sentiment is worse because of fear of economic recession.
Bank of Korea announced today that the consumer sentiment index for the month was below 3.5 points last month.
This is the lowest level in 21 months since February last year.
If the Consumer Psychology Index is less than 100, that means that the customer's feeling is worse than the last 10 years.
Bank of Korea analyzed that the US-China trade dispute has continually impacted by declining domestic and foreign economic downturn, slowdown signal indices and stock prices.